Southern Petrochemicals Industries Corporation Ltd: South India House Estates and Properties Ltd Increases Equity Shares to 7.56%
South India House Estates and Properties Ltd (SIHEPL), a company formerly known as South India House Investments Ltd, has revised its disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The revision concerns the acquisition of shares in Southern Petrochemical Industries Corporation Limited (Target Company). Initially holding 0.01% of the Target Company's equity shares, SIHEPL has increased its stake to 7.56% through inter-se transfer amongst Promoter’s Group through off-market trade. This acquisition took place on August 26, 2025, and the total equity share capital of the Target Company stands at 2,03,64,03,360/- comprising of 20,36,40,336 Equity Shares of 10/- each.
Key Highlights
- South India House Estates and Properties Ltd has increased its equity shares in Southern Petrochemical Industries Corporation Limited from 0.01% to 7.56%.
- The acquisition was carried out through inter-se transfer amongst Promoter’s Group through off-market trade on August 26, 2025.
- The total equity share capital of the Target Company stands at 2,03,64,03,360/- comprising of 20,36,40,336 Equity Shares of 10/- each.
- The revised disclosure was submitted to the Stock Exchange on September 4, 2025.
- The acquisition is in accordance with Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
Price Impact
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